Bitcoin
Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks.
Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.
Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.
The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.
by COINS NEWS - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
by COINS NEWS - 2 years ago
Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russia’s invasion, data shows.According to monitoring resource CoinGecko, on Feb. 24, volume on Kuna almost tripled to over $4 millio...
More / Etherum Reddit - 2 years ago
I've never seen better promotion for the necessity of bitcoin in my life. https://www.reddit.com/r/ethtrader/comments/t0tl01/comment/hycvkqf/?utm_source=share&utm_medium=web2x&context=3 submitted by /u/Mallardshead [link]...
by COINS NEWS - 2 years ago
In the last weeks I'm seeing a lot of people saying Bitcoin should be somehow controlled by the US government, because thanks to crypto, Putin could evade sanctions. Same things were said about the convoy protest in Canada. I know most users joi...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / The Cointelegraph - 2 years ago
Russian Bitcoin (BTC) miners are reportedly running as usual despite the government’s invasion of Ukraine this week. According to estimates from the Cambridge Bitcoin Electricity Consumption Index, miners in Russia accounted for around 11.2% of the g...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin found support near $34,300 and started a strong recovery against the US Dollar. BTC climbed above $38,000, but it is still struggling near $40,000.
Bitcoin found support near the $34,300 and $34,500 levels.
The price is trading above $38,000...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / The Cointelegraph - 2 years ago
Crypto mining operations based in the United States are committed to increasing their hash power with more hardware despite Bitcoin’s (BTC) three-month downturn.The Marathon Digital Holdings and GEM Mining companies in the U.S. told Cointelegraph thi...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / NewsBTC - 2 years ago
For the past year, bitcoin has shown a cyclicality that has been on a semi-regular basis. For most of last year, most months had finished in the positive with green candles dominating the market. However, while most of the months have been positive,...
Bitcoin News / Bitcoin Stack Exchange - 2 years ago
I had an account on a website, but don't remember which one
Search your email account for an account creation confirmation email. Helpful search terms may include "bitcoin", "wallet", "exchange", "btc", "blockchain", or "cryptocurrency". If you purc...
Cryptocoins News / The Cointelegraph - 2 years ago
Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes.Data from Cointelegraph Markets Pro and Trading...
Cryptocoins News / CoinJournal - 2 years ago
Given the jarring news overnight that Russia have invaded Ukraine, it feels a little trivial writing about finance this afternoon. I really hope the people of Ukraine will be OK and, on a personal level, I just can’t believe in 2022 that we are on...
Cryptocoins News / CoinJournal - 2 years ago
Given the jarring news overnight that Russia have invaded Ukraine, it feels a little trivial writing about finance this afternoon. I really hope the people of Ukraine will be OK and, on a personal level, I just can’t believe in 2022 that we are on...
More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / The Cointelegraph - 2 years ago
Anton Bukov, the co-founder of 1inch Network, thinks that Ethereum will likely become the main settlement layer for a multi-chain decentralized finance (DeFi) ecosystem. “There is like a high chance that most of the chains will try to commit their st...